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Going green for planet blue: For now, India's journey has begun well

Sustainable financing is on the verge of a big take-off, even as the sum raised so far tops $16 billion

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Imaging: Ajay Mohanty

Raghu Mohan
On August 16, HDFC Ltd launched its green-deposit mobilisation programme with tenures ranging from three to ten years, to be priced at up to 6.55 per cent per annum. Earlier, in July, The Federal Bank had offered 4.99 per cent in equity to raise Rs 916 crore from the International Finance Corporation, and two funds managed by IFC Asset Management Company — IFC Financial Institutions Growth Fund and IFC Emerging Asia Fund. This is part of its commitment to ESG (environmental, social and governance) standards.

And, of course, there is ReNew Power’s listing on Nasdaq with an enterprise value of